tight timetable lotteriinspektionen moves open swedish licensing window 1 julyby Joker 21.02.2018 0 comments
Swedish gambling regulator Lotteriinspektionen has detailed that it will move to open its licensing application window on 1 July, as the government finalises its new online gambling framework.
In late 2017, the Swedish government released a draft copy of regulatory provisions for its revamped national gambling policy.
As yet Lotteriinspektionen has not presented its final tax plan for online gambling services. However, Swedish gambling stakeholders expect digital taxes to be set at a favourable 18% rate on operator revenue.
The Swedish government still targets an implementation date of 1 January 2019 for its new gambling bill replacing the current 1994 Lottery Act and 1999 Casino Act.
With regards to its licensing window, Lotteriinspektionen has stated that it will not place any limit on the number of applications by operators foreign or domestic. To date, the majority of listed European online gambling enterprises have stated that they will move to participate in the regulated Swedish market
Speaking to Swedish media this week, Camilla Rosenberg the Director General of Lotteriinspektionen detailed that the regulatory body would expand its resources in order to deal with the market’s upcoming transformation.
Despite a tight timetable, Rosenberg and Lotteriinspektionen will move to increase the regulator’s headcount and further upgrade its IT systems to deal with new market applicants.
Rosenberg has stated to Swedish, that Lotteriinspektionen is confident of a ‘comprehensive regulatory framework for a significant and fast growing sector’.